Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics (opens original article in a new tab)

Syrma SGS Technology shares increased 4.84% following a joint venture agreement with Kaga Electronics India to create an EMS manufacturing facility in India, with Syrma holding a 60% stake and investing Rs 15 crore.

• Syrma SGS Technology shares rose 4.84% to Rs 1,400.90 after announcing a joint venture with Kaga Electronics India
• The joint venture will establish an EMS manufacturing facility in India with Syrma holding up to 60% stake and Kaga 40%
• Syrma plans to invest Rs 15 crore and Kaga Rs 10 crore in the venture, pending regulatory approvals